Snap’s (SNAP) stock closed 43% lower on Tuesday after slashing its second-quarter profit outlook and giving a warning about the macro environment. Shares of the parent company of social media ap...
Tag: Environment
Stellantis CEO warns of EV battery shortage, lack of raw materials
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Stellantis CEO Carlos Tavares said he expects shortages of the...
NOAA forecasts a busy Atlantic hurricane season for 7th straight year
Alonzo Lewis rescues items from his mother’s home after it was destroyed by Hurricane Ida on August 30, 2021 in Laplace, Louisiana. Ida made landfall August 29 as a category 4 storm southwest of...
U.S. Navy climate plan calls to cut emissions, electrify vehicle fleet
U.S. Navy sailors operate onboard the Nimitz-class aircraft carrier USS Harry S. Truman (CVN 75) in the Adriatic Sea, off Split, Croatia February 14, 2022. Milan Sabic | Reuters The U.S. Navy on Tuesd...
Stellantis, Samsung to invest $2.5 billion in Indiana EV battery plant
Stellantis CEO Carlos Tavares holds a news conference after meeting with unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Automaker Stellantis plans to invest more than $2.5 billion in...
Sen. Cruz blasts Larry Fink over ‘woke’ shareholder votes on climate
Sen. Ted Cruz (R-TX) speaks during a news conference at the U.S. Capitol October 6, 2021 in Washington, DC. Alex Wong | Getty Images Sen. Ted Cruz blasted BlackRock CEO Larry Fink on Tuesday for so-ca...
Burning gas to produce electricity is ‘stupid,’ the CEO of power giant Enel says
Enel CEO Francesco Starace photographed in 2019. In an interview with CNBC on May 24, 2022, Starace said “you can produce electricity better, cheaper, without using gas.” Giulio Napolitano...
China oil demand must remain weak or we will have tough summer: IEA
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in...
Nvidia to Slow Hiring Amid Inflationary Environment
The technology industry has been cutting back as it struggles to deal with rising inflation and a deteriorating global economic environment. Justin Sullivan/Getty Images Text size Nvidia (ticker: NVDA...
One Metric Indicates Bitcoin (BTC) Could Crash by Over 50% As Macro Environment Worsens, Says CryptoQuant CEO
The CEO of leading on-chain analytics firm CryptoQuant says one metric is flashing a massive red flag for Bitcoin (BTC) bulls. Ki Young Ju tells his 292,600 Twitter followers that historical data show...
Hyundai to invest $5.5 billion to build EVs and batteries in Georgia
The logo of Hyundai is shown at the #WeAreMobility fair at the 97th edition of the Brussels Motor Show on 18 January 2019, in Brussels. Dirk Waem | AFP via Getty Images Hyundai Motor on Friday confirm...
Renault says electric-hydrogen concept will have 497-mile range
Details of Renault’s Scénic Vision concept car were presented to the public on May 19, 2022. The firm’s idea of developing a passenger vehicle that uses hydrogen technology is not unique. ...
EU plans renewables expansion, says coal needed a little while longer
A wind turbine and coal in Lower Saxony, Germany. The EU’s desire to wean itself off Russian hydrocarbons means it will need to find fossil fuels from other parts of the world to plug supply gap...
Oceans reached record heat, acidity in 2021: UN report
A diver inspects transplanted coral near Dibba Port in Fujairah, United Arab Emirates, June 15, 2020. Christopher Pike | Reuters Oceans reached their hottest and most acidic levels on record last year...
Keeping Illinois nuclear plants open saving some customers $237 a year
Byron, UNITED STATES: The Exelon Byron Nuclear Generating Stations running at full capacity 14 May, 2007, in Byron, Illinois. (Photo credit should read JEFF HAYNES/AFP via Getty Images) JEFF HAYNES | ...
Climate change made India heatwave 100x more likely: U.K . Met Office
A farmer pours water on himself while working at a wheat farm in the Ludhiana district of Punjab, India, on Sunday, May 1, 2022. T. Narayan | Bloomberg | Getty Images The blistering heatwave in northw...
Why Tesla was kicked out of the S&P 500’s ESG index
An aerial view of the Tesla Fremont Factory on May 13, 2020 in Fremont, California. Justin Sullivan | Getty Images The S&P 500 booted electric vehicle maker Tesla from its ESG Index in an annual r...
EV battery costs set to spike as raw material shortages drags on
Attendees look at the all-electric Ford F-150 Lightning pickup truck at the Washington Auto Show in Washington on Tuesday, January 25, 2022. Bill Clark | CQ-Roll Call, Inc. | Getty Images The cost to ...
Seaweed could be a vital ingredient in the fight against climate change
Like many coastal communities around the world, people living by the sea in the United Kingdom have harvested and consumed seaweed for centuries. In Wales, Welsh laverbread — made from cooking a type ...
Pollution Responsible For 9 Million Deaths Each Year, Study Finds
Topline Pollution was responsible for more than 9 million deaths around the world in 2019, according to a study published in Lancet Planetary Health on Tuesday, equivalent to one in every six, a growi...
Toyota ramps up efforts to look at potential of hydrogen vehicles
One of Toyota’s Sora busess photographed in Japan on Nov. 5, 2021. Toyota started working on the development of fuel-cell vehicles back in 1992. Korekore | Istock Editorial | Getty Images Toyota...
FastBlade tidal turbine testing site opens in Scotland
An image of the £4.6 million FastBlade facility. Scotland has a long association with North Sea oil and gas production, but in recent years it’s also become a hub for companies and projects focu...
California’s gas average tops $6 per gallon as nationwide prices surge
High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average for a gallon of gas has surged above ...
Sector Protocol Presale Starts on 18th May, Aims to Bring Exemplary Change to the Environment
Place/Date: New Zealand, Canterbury – May 14th, 2022 at 8:02 pm UTC · 2 min read Contact: Colin Swasbrook-Murray, Source: Sector Protocol Sector Protocol team is happy to announce its presale, w...
Firms plan to use balloons to go to space in 2024
Nearly half of Americans want to travel to space. But that means the other half doesn’t, according to a 2021 survey by ValuePenguin, one of LendingTree’s financial research websites. Nearly 40% ...
Tesla CEO Elon Musk dismisses hydrogen as tool for energy storage
Elon Musk has a history of expressing strong opinions about hydrogen and hydrogen fuel cells. A few years ago, when the subject came up during a discussion with reporters at the Automotive News World ...
Toyota warns raw materials costs could cut profits by 20%
Toyota 2023 Sequoia on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Toyota Motor on Wednesday warned investors that “unprecedented” increases in materials and logis...
VW is looking to bring back the Scout brand as an electric vehicle
This image, from 2019, is of a refurbished Scout. The brand was originally built by International Harvester between 1961 and 1980. Future Publishing | Future Publishing | Getty Images Volkswagen is pl...
Diesel fuel is in short supply as prices surge — Here’s what that means for inflation
The prices for gas and diesel fuel, over $6.00 a gallon, are displayed at a petrol station in Los Angeles, March 2, 2022. Frederic J. Brown | AFP | Getty Images Diesel prices are surging, contributing...
Ice cream freezers to get ‘warmed up’ in trial by Unilever
According to Unilever, the industry standard for freezer temperatures in many markets stands at minus 18 degrees Celsius (around 0 degrees Fahrenheit). The temperature of freezers in the trials will b...
Orsted moves forward with plans to grow corals on wind turbines
Alongside their natural beauty, coral reefs have an important role to play in the natural world. According to the National Oceanic and Atmospheric Administration, around one quarter of the ocean’...